Using Home As ATM HIGHEST Since 2007! Global Real Estate SLOWDOWN From U.S. To Hong Kong!
We are currently in the maximum amount of debt we have ever been in history. Look at it on all levels. It’s never been this bad. They cover up this data by not factoring in real estate. People have used the equity in their homes to finance the purchase of cars, renovations, vacations, and other expenditures they didn’t save cash for. The home has become the new ATM and right now it’s the worst it’s been since 2007. This happens to coincide will a global real estate slowdown. Does that concern anyone else?
Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise
https://outline.com/AtNwcv
$50 million Lincoln Park mansion — Chicagoland's priciest listing — taken off the market - Chicago Tribune
https://www.chicagotribune.com/classified/realestate/elitestreet/ct-re-elite-street-lincoln-park-mansion-off-market-20181126-story.html
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The U.S. Housing Boom Is Coming to an End, Starting in Dallas
https://outline.com/ZCPPvZ
Hong Kong's Housing Market Is Suffering Worst Declines Since '16
https://www.bloombergquint.com/global-economics/hong-kong-s-housing-market-is-suffering-worst-declines-since-16
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Top Most Expensive U.S. Zip Codes in 2018 | PropertyShark
https://www.propertyshark.com/Real-Estate-Reports/most-expensive-zip-codes-in-the-us
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So we could be seeing a lot of cheap homes in the market soon?
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Oh yeah I see opportunities . 👍
Ohh bro, I pray that no one should face loss in it. I hope everyone will recover their money
This should not come as a great shock to anyone.
We have been going down this slippery slope for at least two generations now.
It is just a matter of time before we have a major real estate crash.
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We should also remember places like communist Illinois wil have a DISASTER caused by the property tax hike . My research found some sheeple were paying between $12, 600 to as high as $16,000 for an average home in property taxes . This also depends on where you live , but either way it’s utterly RIDICULOUS .